A look ahead EURUSD forecast October 16 — 20, 2017
In choose of the fall of eurusd, EURODOLLAR a downtrend takes a look at at the relative power indicator (rsi) will perform. The cancellation of the autumn choice could be a sturdy growth and breakdown at 1.2150, indicating that the pair will retain to upward thrust above 1.25 and the reversal of the reversal sample. Count on the acceleration of the autumn of the euro/greenback on forex costs with a breakdown of the level of the road of the neck reversal pattern of the «head and shoulders» and remaining beneath 1.1650.
The Federal Reserve minutes from the September meeting appeared to confirm that a December rate increase is on the way. The minutes showed that many policymakers felt that a December hike “was likely to be warranted”. However, some policymakers remain concerned about low inflation levels and said that inflation would be a consideration in their decision on a rate hike. The odds of a December hike have increased dramatically in the past few weeks, mostly in response to Fed Chair Yellen and other FOMC members expressing optimism that inflation will move upwards. On Wednesday, Kansas City Fed President Esther George went event further, saying that low inflation did not pose a problem, as the US economy was strong and the labor market was at full capacity. Investors will be carefully monitoring Friday’s CPI reports as well as the Fed reaction. Currently, fed futures have priced in a December hike at 87 percent.
The Federal Reserve minutes from the September meeting appeared to confirm that a December rate increase is on the way. The minutes showed that many policymakers felt that a December hike “was likely to be warranted”. However, some policymakers remain concerned about low inflation levels and said that inflation would be a consideration in their decision on a rate hike. The odds of a December hike have increased dramatically in the past few weeks, mostly in response to Fed Chair Yellen and other FOMC members expressing optimism that inflation will move upwards. On Wednesday, Kansas City Fed President Esther George went event further, saying that low inflation did not pose a problem, as the US economy was strong and the labor market was at full capacity. Investors will be carefully monitoring Friday’s CPI reports as well as the Fed reaction. Currently, fed futures have priced in a December hike at 87 percent.
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